Skip to main content

What is self-employment tax?

TaxWarren Team

Quick answer

Self-employment tax is FICA tax for the self-employed: 15.3% on net SE income (12.4% Social Security + 2.9% Medicare). It's in addition to federal income tax. Half is deductible above-the-line.

Self-employment tax: 15.3% on net SE income with above-the-line deduction.
Self-employment tax: 15.3% on net SE income with above-the-line deduction.

The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions. Read our disclaimers.

All questions

Get an answer built on your own numbers

Warren reads your accounts, then answers questions like this one with your real income, taxes and goals in mind.